There will be changes in the rates of Securities Transaction Tax (STT) with effect from 1st day of June, 2013.
1. STT in case of Sale of Futures in F&O segment has been revised downward from 0.017% to 0.01% wef 1st of June 2013. No STT on purchase.
2. Likewise sale of a unit of an equity oriented fund, where the transaction is entered into on a recognised bourse, and the contract for the sale of such share is settled by the actual delivery or transfer of such share, STT has been revised downward from 0.1 per cent to 0.001 per cent wef 1st of June 2013. No STT on purchase.
STT rates for other segments will stay the same.